The Sell Off was Planned ahead by the MM's & Stock Brokers and I chose to ignore it.18 Dec 2020 22:54
The Sell Off was Planned. On the 10th December, on the Ortex professional hedgefunds platform, Capita was flagged up with a 'Sell' signal. When I looked at Ortex on the evening of the 14th December, their Alpha trading Signal was showing that SELL signal been 'available within one day' from this 14th December date. On the 15th December the Ortex Alpha SELL rating got activated with a signal return of 6.94% and a mean return of 2.95% over a minimum expected of three day as a recommendation to allow this SELL signal return to take place. Strangely enough, on the 14th December at 11:17am, the broker Robert Plant Panmure Gordon gave a SELL rating on Ortex with a change price target to 32p from (30p).
On the 15th December at 6:55am, the same broker Robert Plant Panmure Gordon reiterated the SELL rating for Capita with a target price 32p. Moreover, as we all remember what happened over the last few days and today in particular, you'll be glad to know that the Ortex Alpha signal had already established that based on their algorithms calculations we have concluded the SELL signal return even if we were to stretch it over the next Monday and Tuesday, we would only hit the max of 15.19% SELL signal return from the last traded share price from the 14th December 2020 which at close was 44.91p meaning that the lowest we could go before a bounce up is to a maximum of 38.08p.
When Ortex flagged that 10th December Sell signal they would had recommended to allow the SELL rating to be active for at least three days meaning to try achieve the percentage of 6.94% from the sell off over the 15th,16th,17th December. However, that 10th December Alpha signal return would only be able to run for a maximum of six days from the 15th December 2020 which is the date when it got fully activated and running over those minimum three days but potentially upto six days trading days. Anyhow, these are the figures based on the following alpha signal return as seen in the images here on the purple lines: https://ibb.co/QP4RqnG
According to the Ortex Signal Sell Return, on the 15th December from the previous day close share price of 44.91p
the first sell off alpha signal would had tried to achieve -3.11% with estimated close price at 43.51p. Then for the 16th December this Sell signal would had continue to -6.01% with est. closing price 42.21p. Then on the 17th December this would had continue to -6.94% with est. closing price 41.79p. Then today as on the 18th December this could had continued over the [three recommended days] towards a fourth day which is -10.90% with est. closing price 40.01p.
If it were to continue over the fourth day, then the fifth Sell signal will be on the 21st December with 14.63% with est. close share price at 40.01p. The sixth signal will be on the 22nd December being the final of the max six days for the Sell Ortex Alpha signal to run its course which will be an estimated signal of -15.19% and share price 38.08p
Simply.(*__*).NoFear
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